Important October 2026 Individual and Business Due Dates

, ,
October 2026 Individual Due Dates October 13 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer no later than October 13.…

Game, Set, Tax: The Parent’s Playbook for Sports Expenses, Deductions, and NIL

, , , ,
Article Highlights: Sports Expenses As a Childcare Expense Charitable Contributions Volunteering Parents Use of an Asset by a Charity Medical Expense Exception When a Child’s Sport Becomes a Business Recordkeeping…

The Tax Law Changed. The Real Story Is What Comes Next.

, , , ,
When Congress passes a major tax bill, most people assume the hard part is over. In reality, that's often when the next phase begins. Earlier this month, the U.S. Department of the Treasury and the Internal Revenue Service released their 2026…

What Counts as Taxable Income? You Might Be Surprised.

, , , ,
Article Highlights: A Simple Example, Finding Money On The Street What Section 61 Is Designed To Do The Basic Idea: Accession To Wealth What Is Usually Taxable? What Is Usually Not Taxable? The General Welfare Exclusion …

Important September 2026 Tax Due Dates

, , ,
September 2026 Individual Due Dates September 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your employer no later than September…

IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase 

, , , , , ,
Article Highlights: Mid-year Increase Items Included in the Optional Mileage Rate What Can Be Deducted in Addition to the Optional Mileage Rate Switching Methods With gas prices soaring it has been expected the IRS would increase…

If You Owe the IRS Money, Here’s What You Should Know About the Statute of Limitations on Collection

, , , , , , ,
Article Highlights: Understanding the 10-Year Clock Situations that Toll the Statute of Limitations Avoiding Unnecessary Extensions Strategies for Navigating the 10-Year Collection Period Important Considerations Should…

Important August 2026 Individual and Business Tax Due Dates

, , , ,
August 2026 Individual Due Dates August 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer no later than August 10. You can…

Booming or Slowing Down? Why Your 2026 Tax Strategy May Need a Reset

, , ,
The economy is sending mixed signals, and many business owners are feeling that unevenness firsthand. Some companies are growing, hiring, investing in technology, and trying to keep up with demand. Others are seeing slower sales, tighter margins,…

Tens of Millions Claimed New Tax Breaks — Did You Miss One?

, , , ,
Article Highlights: IRS Preliminary 2025 Tax Returns Filing Data What the Government Reported Overall Uptake Overtime (OT) Deduction Tip Income Deduction Enhanced Senior Deduction Carloan Interest for Americanmade…